Blue Incorporated has forecast sales to be $$427,000$ in February, $$557,000$ in March, $$597,000$ in April, and $$637,000$ in May. The average cost of goods sold is $60\%$ of sales. All sales are made on credit and sales are collected $50\%$ in the month of sale, $30\%$ the month following, and the remainder two months after the sale. What are budgeted cash receipts in May?

Multiple Choice

$$609,000$

$$637,000$

$$318,500$

$$497,214$